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ខ្មែរ Projects Development
Five foreign firms eyes resuming oil extraction in Cambodia after KrisEnergy fails
- 8 April 2022
Five foreign companies from different countries have been interested in resuming the oil extraction operation in Block A and exploring other oil blocks in Cambodia after KrisEnergy announced bankruptcy last year. HE Cheap Sour, Director General of the General Department of Petroleum, Ministry of Mines and Energy, said on Friday 8 April that those five companies are from China, Malaysia, Kazakhs...
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PP-Bavet Expressway Final Study to Be Completed in 3 Months
- 8 April 2022
The Ministry of Public Works and Transport (MPWT) has set a 3-month deadline for the Chinese firm to finish the final study of the Phnom Penh-Bavet Expressway before moving to the construction stage as planned. The deadline was set during a meeting on 7 April between MPWT Secretary of State So Victor with representatives of China Railway International Group Co., Ltd, Royal Group, and the techni...
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Prudential Invests US$5 million in CAIC Guaranteed Bonds
- 5 April 2022
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the coupon rate of th...
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Korea Eyes Investments in Water Supply, Wastewater Treatment & Recycling Systems in Cambodia
- 5 April 2022
South Korea firm -Techcross Water & Energy - has sought to understand investment opportunities in Cambodia by focusing on the environment, such as water supply, wastewater treatment, and recycling. The information was shared in a meeting between Commerce Minister HE Pan Sorasak and representatives of Korea's Techcross Water & Energy held in Phnom Penh in early April. In the meeting, ...
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PM Hun Sen Expects New Siem Reap Airport to Go Online by 2023 Despite Slow Progress
- 4 April 2022
Prime Minister Samdech Hun Sen has placed high hopes on the Angkor Siem Reap International Airport being completed and operational by late 2023, despite the fact that the current progress of the construction is only at 22% completion. The remarks were made on 3 April during the site inspection of the airport with relevant officers. "Siem Reap Angkor International Standard Airport will play a...
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PM Inaugurates 38 Roads in Siem Reap, Naming City ‘Northern Rising Star’
- 4 April 2022
Prime Minister Samdech Hun Sen officially inaugurated 38 roads and other newly built infrastructures in Siem Reap city on 4 April, while giving the province the title ‘Northern Rising Star’, a modern, smart, and rich-in-culture tourism city. With construction begun in November 2020, the 38-road and other infrastructure projects were completed in late 2021, using a total budget of US$150 million...
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Australia to Provide US$65million Grant Aid for Three Priority Sectors in Cambodia
- 1 April 2022
Australia plans to provide US$65 million in grant aid to Cambodia for the development of three priority sectors for a five-year period from 2022 to 2027. According to a meeting between the Minister of Economy and Finance and the Australian Ambassador to Cambodia on 31 March 2022, this grant will support the development of sectors such as agriculture, trade and investment, and infrastructures su...
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World’s Tallest Hotel Complete in Late 2023
- 1 April 2022
Construction on a 365m tall hotel in Dubai is now halfway and is scheduled to be completed in late 2023, to become the world’s tallest building. Named Ceil, the tallest hotel in the world is being built by the China Railway Construction Corporation. Construction on the world's tallest hotel has continued despite the broader challenges of COVID-19, reported Construction Week in early March. ...
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Two New Investment Projects Worth US$5.4 million Approved for PP & K. Speu
- 1 April 2022
The Council for the Development of Cambodia (CDC) has given permits to two private firms to invest in two projects worth US$5.4 million in Phnom Penh and Kampong Speu province. According to a CDC announcement on 31 March, Top Ningbo Fashion Co Ltd will invest US$2.4 million in building a garment factory located in Kampong Speu province’s Chbar Mon district. The factory can generate up to 603 jo...
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New US$60m Ministry of Interior Headquarters 20% Complete
- 1 April 2022
Construction of the new Ministry of Interior headquarters worth US$60 million is now 20% complete, with the entire project set for completion on schedule in August 2023, according to Minister of Interior Samdech Sar Kheng on 31 March 2022. The new building is 9 floors high, excluding the ground floor and parking that can accommodate 330 cars. The architectural layout is a classic Khmer style...
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